Short Interest in New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) Drops By 97.1%

New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a decline of 97.1% from the February 28th total of 3,400 shares. Based on an average daily volume of 4,700 shares, the days-to-cover ratio is currently 0.0 days.

New York Mortgage Trust Stock Performance

NYMTZ stock traded down $0.00 on Wednesday, reaching $18.91. The company’s stock had a trading volume of 2,092 shares, compared to its average volume of 7,027. The business has a fifty day simple moving average of $19.28 and a two-hundred day simple moving average of $19.89. New York Mortgage Trust has a 12-month low of $16.90 and a 12-month high of $21.74.

New York Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a $0.4375 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.75 annualized dividend and a dividend yield of 9.26%.

About New York Mortgage Trust

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.